Refer to data. Marginal utility becomes negative beginning with the:
A. first unit.
B. second unit.
C. third unit.
D. fourth unit.
D. fourth unit.
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The foreign exchange market is the market in which
A) the world's governments collect their tariff revenue. B) goods and services are exchanged between governments. C) the currency of one country is exchanged for the currency of another. D) all international transactions occur. E) currencies are exchanged solely by governments.
Leading indicators:
a. Are near perfect predictors of the future. It is for this reason that they are relied on so heavily by governments, central banks, and the private sector. b. Have a mixed track record for predicting business cycles and should therefore be used cautiously. Nevertheless, they still might provide some useful insights. c. Are designed to be used in theoretical research only and therefore do not provide any value added when analyzed for business purposes. d. Give information about an economy's performance in the past and should consequently not be used for business decisions.
The law of demand implies that the quantity demanded of a commodity is inversely related to income, assuming other things that may affect demand remain the same.
a. true b. false
U.S. exports of goods and services flow to households and firms in ________, and U.S. financial inflows of capital flow to households and firms in ________
A) the rest of the world; the United States B) the rest of the world; the rest of the world C) the United States; the United States D) the United States; the rest of the world E) the United States; the rest of the world and the United States